Business – Page 42
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News
Maersk set to swoop on Senator International?
Shipping giant AP Moller Maersk is in discussions to takeover Hamburg-based freight forwarder Senator International.Air Cargo News sister publication DVZ reports that the talks are at an advanced stage and a deal could be announced this week.Both companies declined to comment to DVZ.The deal would continue Maersk's push into supply ...
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News
Frankfurt-Hahn files for bankruptcy with Senator taking steps to secure operations
Flights are continuing at Germany's Frankfurt-Hahn airport despite the facility filing for bankruptcy, but forwarder Senator International has moved some of its operation away as a precaution.Air Cargo News sister title FlightGlobal reports that Jan Markus Plathner from Frankfurt-based Brinkmann & Partner has been appointed as administrator.Financing is being sought ...
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News
NAS expands cargo presence in Kenya through Siginon partnership
National Aviation Services (NAS) has acquired a 51% stake in Siginon Aviation which provides airport ground handling and cargo management services at two Kenyan airports.The deal means that NAS has expanded its presence in Africa through the addition of Nairobi and Eldoret airports in Kenya.NAS group chief executive Hassan El-Houry ...
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News
IATA adds 'quote and book' service to rate portal
Airline association IATA has added a ‘quote and book’ function to its rate portal, with IAG Cargo the first cargo group to offer the new functionality.The addition of live rates and the option to book shipments onto IATA's Net Rates platform will accelerate "the distribution of rates to market while ...
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News
Alliance expands in Chicago with MIC acquisition
Cargo handler Alliance Ground International (AGI) has acquired Maestro International Cargo as it looks to expand its presence in Chicago.AGI said that Maestro has positioned itself as one of Chicago O'Hare's (ORD) "leading ground handlers", focusing on "excellent customer service and an innovative cold-chain pharmaceutical service offering".AGI and Maestro’s combined ...
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NewsK+N profits surge with capacity constraints set to persist
Kuehne+Nagel (K+N) saw profits and air volumes soar in the third quarter thanks to higher rates in air and ocean and its investment in Apex Logistics.The forwarder saw third-quarter revenues increase 70.3% year on year to SFr8.6bn, earnings before interest and tax (ebit) was up 112.6% to SFr789m and net ...
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NewsPolmans and Gadhia to serve another TIACA term after bylaw change
Polmans (L) and Gadhia. Source: TIACATIACA chair Steven Polmans and vice chair Sanjeev Gadhia will continue their work at the association's helm for the next two years following a change in bylaws.The supply chain organisation said that following the "successful transformation of the association", including a revision to the bylaws ...
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News
Quarterly cargo revenues on the rise at Delta Air Lines
Delta Air Lines saw cargo revenue increase in the third quarter of 2021 to $262m, a 39% improvement compared with the benchmark September quarter of pre-Covid 2019.The US carrier said that cargo revenue continues to improve on yield strength, adding that the latest result represents the fourth consecutive quarter of ...
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NewsCargo IQ announces 2022 strategy, Moehle named as new executive director
Cargo iQ’s board has announced its renewed vision for Cargo iQ in 2022, which includes focusing on implementation, direct collaboration with members and sharing best practices.The IATA special interest group has also named Lothar Moehle as its new executive director, bringing over four decades of experience in the air cargo ...
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NewsIATA launches CEIV lithium battery certification program
From left to right: Peter Penseel and Willie Walsh.IATA has launched its Center of Excellence for Independent Validators Lithium Battery (CEIV Lithium Battery) industry certification program to improve the safe handling and transport of lithium batteries across the supply chain.Said Willie Walsh, IATA’s Director General: “Lithium batteries are critical power ...
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NewsQatar Cargo's Halleux calls on regulators to step up on lithium batteries
Source: Air Cargo NewsQatar Airways chief officer cargo Guillaume Halleux issued an impassioned call for regulators to take steps to counter the threat of rouge lithium-ion battery shipments.Speaking at IATA's World Cargo Symposium in Dublin, Halleux said the airline had suffered three near misses with rogue battery shipments in recent ...
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NewsWalsh expects a permanent shift in air cargo's importance to aviation
Source: Air Cargo NewsAir cargo's new found importance to airlines is here to stay, according to IATA director general Willie Walsh.Speaking to the press after the opening session of the IATA World Cargo Symposium in Dublin, Walsh re-iterated comments made earlier in the day that the air cargo sector had ...
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News
IATA: Industry cooperation key to post-pandemic air cargo resilience
IATA has urged the air cargo industry to continue working together at the same pace and with the same levels of cooperation as during the COVID-19 pandemic so as to overcome future challenges and build industry resilience.Sustainability, modernization, and safety were highlighted as key priorities for the industry post pandemic. ...
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News
DSV upgrades financial outlook for 2021 amid strong sea and air growth
A strong first half performance in sea and air freight that continued into the third quarter has seen Danish mega-forwarder DSV upgrade its 2021 financial outlook.A company announcement stated: “The positive development in the first half of the year has continued into Q3 2021, and we have seen strong financial ...
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News
DP DHL's profits expected to continue to surge
Deutsche Post (DP) DHL's third quarter preliminary results show another boost in earnings before interest and tax (ebit).The express and postal giant said that its ebit is expected to reach €1.8bn in the third quarter, up from €1.4bn for the same period in 2020.Over the first nine months of the ...
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NewsCLIVE: The only way is up for air cargo load factors
Air cargo load factors began their peak season rise in September and are expected to continue to increase for the rest of the peak.The latest figures from CLIVE Data Services show that the global dynamic load factor, which draws from both weight and space, reached 68% in the last week ...
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NewsSEKO Logistics continues expansion with Bansard deal
Source: SEKO LogisticsSEKO Logistics has completed its largest acquisition to-date with an investment in Paris-headquartered logistics group Bansard International.Bansard provides door-to-door logistics management services, covering consultancy, freight forwarding, warehousing, de/consolidation, transportation management, quality control, and customs clearance services.Bansard International has 54 offices in 17 countries and employs about 600 people. ...
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NewsScan Global Logistics expands into UK with Horizon deal
Nigel Davies (L) of Horizon and Allan Melgaard of SGL. Source SGLFast-growing Scan Global Logistics (SGL) has added a presence in the UK through the takeover of Horizon International Cargo.SGL said that having a presence in the second-largest market in Europe is a "strategic move pivotal to the company's long-term ...
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News
Chinese supply chains face disruption as energy shortage bites
Chinese supply chains are being affected by factory shut downs as a power shortage has caused several companies to temporarily stop production.Many regions in the country have been affected by blackouts as the supply of energy is rationed. This has affected both homes and businesses.Risk analyst Everstream Analytics warned that ...
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InsightsCan airlines overcome supply-chain challenges to meet strong air cargo demand?
Image source: AirBridgeCargoBy most accounts, the strong demand for air cargo seen during the Covid-19 pandemic is likely to continue into the peak freight season in the fourth quarter of this year.“Air cargo demand had another strong month in August, up 7.7% compared to pre-Covid levels,” said IATA director general ...